I predict that downtrend momentum will cause price action to breakthrough
the rising wedge pattern.
Sell signal: Identify
a rising wedge pattern (bearish).
This break down through the lower limit of
the rising wedge pattern has been confirmed across virtually every technical indicator - take a look at the DJIA at StockCharts.com to see what I mean.
The result is an ascending or
rising wedge pattern.
Not exact matches
That created a
rising wedge bearish
pattern that often signals prices will collapse.
A
rising wedge is a bearish
pattern that signals a high probability that prices will collapse and head in a downward direction.
My version is bone canvas stacked -
wedge sandals with Chanel
Rose Insolent on my toes, the palest blossom - pink 3/4 sleeve, summerweight cashmere cardigan by J. Crew over a white cotton tee, khaki crops with a wide, cuffed bottom, an ancient straw bag with a flower
pattern weave in pink, cream, and pale taupe (J. Crew, circa 1993), small platinum hoops, and Ray - Ban Dekko sunglasses (circa 1992).
This reversal follows the mechanics of the
rising or falling
wedge patterns seen on many price charts.
In other words, the price is likely to reverse in the opposite direction of the falling or
rising trend if the price breaks through the
wedge pattern.
The
wedge indicator for Metatrader 4 identifies both
rising and falling
wedge patterns for any currency pair on any time frame.
Gold (XAU / USD), Weekly,
Rising Wedge: If you have any questions or comments regarding these chart
patterns, please, feel free to reply below.
The bullish daily RSI
pattern and XEM's 8 percent
rise indicate a temporary bottom has been made at $ 0.271848, and the cryptocurrency will likely witness an upside break of the falling
wedge.